20th Century American Economic History
2. The Rise of Big Business: The Failure of Trusts and Cartels continued
Lecture by Murray N. Rothbard
Despite the drive for monopoly, only oil, sugar and corn products ended up dominated by a particular company. Bigger was not better. Biggest was not best. Smaller and more mobile was more competitive. Major inventions are still coming from small firms.
2 of 8 from Murray Rothbard’s 20th Century American Economic History lecture series.
Sourced from: https://mises.org/library/20th-century-american-economic-history
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